You have been managing a $5 million portfolio that has a beta of 1.35 and a required rate of return of 10.425%. The current risk-free rate is 3%. Assume that you receive another $500,000. If you invest the money in a stock with a beta of 1.05, what will be the required return on your $5.5 million portfolio? Do not round Intermediate calculations. Round your answer to two decimal places. 9 Stock Beta 1.50 Suppose you are the money manager of a $5.06 million investment fund. The fund consists of four stocks with the following investments and betas: Investment $ 580,000 300,000 (0.50) 1,280,000 1.25 2,900,000 0.75 If the market's required rate of return is 11% and the risk-free rate is 6%, what is the fund's required rate of return? Do not round Intermediate calculation Round your answer to two decimal places. B D %